Last year I let Ownwell protest the property taxes on one of my rental properties. They were able to reduce my taxes by $233. This year I’m using them on both of my properties. Here’s my review of their service. In short, Ownwell is a legit startup out of Austin that is making the property […]
Investing
Empower vs Mint: Which is Better?
Are you looking to get more control over your financial situation? Empower and Mint both give you an overview of your spending and investments but in different ways. Mint is primarily an aggregator and budgeting app, while Empower is mainly an aggregator and investment management platform–but also offers limited budgeting capabilities. Let’s take a look […]
Empower (Personal Capital) Review 2023
I love Empower (Personal Capital) for all the free tools they offer. It’s a great place to aggregate all your accounts and see what’s going on with your money. Empower can be a one-stop shop for your money from budgeting to investment advice. Here’s what you need to know about how Empower works, how it […]
Are Certificates of Deposit (CDs) FDIC Insured?
Passive income the old-school way. CDs are back in style. And with some CD rates at 5%, it’s easy to see why. As you know, a certificate of deposit (CD) is a type of savings account that allows you to deposit your money for a set term. The term is usually from one month to […]
5% CD Rates: The Best CD Rates
Are you thinking about investing in a CD? Now’s the time to do it! Rates are back! We’ve done the research and have found that 5% CD rates are available today: an incredibly hard-to-beat rate. Don’t waste your money on low-interest CDs – these 5% rates are rare and won’t last forever, so take advantage […]
The Best Landlord Insurance Companies
As a landlord, you have a ton of responsibilities when managing your rental properties. From finding tenants to collecting rent, there are just so many things to keep track of. Still, one of the most important things you should do as a landlord is ensure you have the right insurance coverage. I’m not talking about […]
The Top High Yield Savings Accounts for Business Owners
Looking for a place to stash your personal or business cash savings? I spend a lot of time discussing the need to have your money in a high-interest or high-yield savings account. I thought it was about time I put together a list of the top high-yield savings accounts with a focus on small business […]
How to Generate Passive Income with No Initial Funds [5 Free Ideas]
I make thousands in passive income from this blog each month. And I had no initial funds to spend on this blog when I got started. I just started with the free tools available to me. Are you looking for how to generate passive income with no initial funds? You’re in luck because there are […]
How to Build a CD Ladder: A Smarter Way to Save
Today I will explain how to build a CD ladder (i.e. certificate of deposit ladder) to create some passive income. In short, a CD ladder is a group of CDs you might invest in that are set to expire at successive dates. Cash from an expiring CD is used to reinvest in another CD one […]
SaveBetter Review: Is it Legit?
Do all these savings account interest rate increases have your head spinning about where to stash your cash? It’s great that we’re finally earning interest on our money again. But rates are changing quickly. It’s hard to know where to save. That’s where the revolutionary savings platform from Raisin, called SaveBetter, comes in. They offer […]
Discover Bank IRA CD Rates
A great retirement investing alternative that not many people have heard about is the IRA CD. That would be a CD inside of a Roth or Traditional IRA. With this approach, you get the security of a CD with the tax advantages of an IRA. As a reminder, an IRA is a tax-advantaged retirement account […]
Steadily Insurance Review 2023: Do You Need Landlord Insurance?
Insurance on your rental unit is pretty much non-negotiable. But what type of insurance? A standard homeowners insurance policy? Did you know there is something called landlord insurance? This type of insurance protects your income-producing property from damage or destruction. It also safeguards you from being sued by tenants. Let’s talk about Steadily Landlord Insurance. […]
Avail Review 2023 | Best for New Landlords?
I use Avail to manage my two rental units. Here’s my full review… Rental properties are a great passive income source. Not many will disagree with that. Leasing out units is a fairly low-effort side hustle that can scale as you wish. If you’re after passive income, like me, chances are you’ve considered investing in […]
Neighbor.com App Review for Hosts
Giving every dollar a job and passive income from rent… These are two ideas Neighbor mashes together. The message is simple: use what you already have to your advantage. In the case of Neighbor, it’s giving every space of your home a job. Why? Because as much as compound interests add up over time, wasted […]
How to Buy an NFT [Exactly What I Bought and How]
If you’re like me, you spent several months hearing the word NFT (which stands for Non-Fungible Token) and letting it go in one ear and out the other. Nope, not for me. I’m too busy building my businesses and playing golf to be concerned with such nerdiness. Plus, I don’t need more stuff in my […]
6 Ways to Invest in Real Estate ($10-$100,000)
[PT’s note: This comprehensive article was contributed by Eric Bowlin from realestateinvesting.org. I first heard Eric on this Bigger Pockets episode. He lives here in Texas with me now and we regularly get together for lunch and talk real estate and business. Here’s Eric….] It’s remarkable to see how real estate investing can create so […]
12 Passive Income Ideas That Actually Work in 2023
If you’re like me you’re always in search of the best passive income ideas. Honestly, though, passive income sounds a little bit like a leprechaun: a mythical creature that provides you with money without you having to work for it. But passive income–otherwise known as residual income or investment income–is the real deal, unlike magical […]
Inflation Sucks! Here’s Why You Shouldn’t Panic
We’ve heard the numbers – a lot. Inflation is running at about 7% – the highest rate in 40 years. “Transitory” was the word first used to describe it, but this past November, Fed. Chairman Jerome Powell stated, “I think it’s probably a good time to retire that word.” Fair enough, let’s retire it – […]
